Fitch Expects to Rate Banco de Bogota's Subordinated Notes 'BBB'; Rating Watch Negative

(The following statement was released by the rating agency)

NEW YORK, May 02 (Fitch) Fitch Ratings expects to assign a 'BBB'

rating, Rating

Watch Negative, to Banco de Bogota's (Bogota) upcoming 10-year

U.S. dollar (USD)

subordinated notes. A list of Banco de Bogota's current ratings

follows at the

end of this rating action commentary.

The notes, in the amount of up to USD1 billion, will pay a fixed

interest rate

to be set at the time of the issuance. The notes will mature in

10 years and

i

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